Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises to Advance Nevada Mining Projects

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has received C$4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025, significantly bolstering the company's financial resources for mineral exploration and mine development activities. This substantial capital infusion resulted in 334,420,221 common shares outstanding and represents a strong vote of confidence from the company's investor base during a critical development phase.

The proceeds will be directed toward advancing exploration and mine development at Lahontan's Nevada projects, particularly focusing on the Santa Fe and West Santa Fe sites located within the prolific Walker Lane gold belt. According to CEO Kimberly Ann, the successful warrant and option exercises demonstrate robust shareholder confidence in the company's strategic direction and leave Lahontan fully financed for its fall drilling programs. This financial stability also tightens the company's share structure, positioning it more favorably for future growth opportunities and potential capital market activities.

The company's flagship property, the 26.4 km² Santa Fe Mine project, has a significant historical production record of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. Current mineral resource estimates show substantial potential, with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. These resources are pit-constrained and represent significant value potential for the company and its stakeholders.

Lahontan's strategic plans include continuing to advance the Santa Fe Mine project toward production, updating the Santa Fe Preliminary Economic Assessment, and conducting drill testing at its satellite West Santa Fe project during 2025. The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who serves as a Qualified Person as defined in National Instrument 43-101. Additional technical details are available in the preliminary economic assessment technical report dated January 24, 2025.

This financial development carries significant implications for the mining sector and investment community. The successful capital raise during the specified period indicates sustained investor interest in precious metals exploration, particularly in established mining jurisdictions like Nevada. The Walker Lane gold belt has historically been a productive region for gold and silver mining, and Lahontan's strengthened financial position enables more aggressive exploration of known mineralized systems. For the broader mining industry, this demonstrates that well-positioned junior mining companies with substantial mineral resources can continue to attract capital even during challenging market conditions.

The timing of this capital infusion is particularly important as it ensures uninterrupted progress on the company's exploration programs during the fall season, typically a peak period for field work in Nevada. The tightened share structure resulting from the warrant and option exercises may also enhance the company's appeal to institutional investors and larger mining companies seeking acquisition opportunities. For regional economic development, continued investment in mineral exploration projects supports local employment and contributes to the economic vitality of mining communities in Nevada.